HOWARD COUNTY MAN CHARGED WITH THEFT, MISAPPROPRIATION & SECURITIES FRAUD

Maryland Attorney General J. Joseph Curran, Jr. announced today that San Ho Kim, age 45, formerly a resident of Howard County, Maryland, was indicted by the Howard County Grand Jury with multiple counts of Felony Theft, Fraudulent Misappropriation by a Fiduciary, Securities fraud, and other criminal violations of the Maryland Securities Act. The indictment alleges that Kim defrauded five individuals out of $80,000 between September 2000 and July 2001.

The case was referred by the Securities Division of the Attorney General’s Office, and will be prosecuted by the Criminal Investigations Division. While a criminal indictment or charge is merely an accusation of wrongdoing and every individual is presumed innocent unless the State proves the charges beyond a reasonable doubt, Felony Theft is punishable by a maximum sentence of fifteen (15) years and a fine of $1,000.00. Fraudulent Misappropriation by a Fiduciary is punishable by a maximum sentence of five (5) years. The other crimes charged, alleging violations of the Maryland Securities Act, each carry a maximum sentence of three (3) years and a fine of $50,000.